Gloria Vanderbilt - All posts tagged Gloria Vanderbilt

Who says the 1% are hoarding all the nation’s wealth? CNN news-show host Anderson Cooper said this week that he won’t receive any kind of inheritance or trust fund upon the death of his mother, the fashion designer and tycoon-descendant Gloria Vanderbilt. Cooper made the disclosure in response to questions about his wealth during an interview on Howard Stern’s radio show, saying, “My mom’s made clear to me that there’s no trust fund, there’s none of that.” (The shocked reactions of Stern and co-host Robin Quivers are worth a listen in their own right.)

Getty Images

She can’t give him anything but love.

The Vanderbilt family, of course, originally made their fortune in railroads and shipping in the late 19th century. Gloria Vanderbilt, who turned 90 in February, received a sizable trust fund of her own when her father died during her infancy, eventually parlaying some of the money into a fashion and interior-design empire. Various news sources, including the New York Daily News, estimate her current net worth at $200 million. (CNN, Cooper’s employer, doesn’t mention dollar figures in its post about the interview ; make of that what you will.)

About Encore

Encore looks at the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities, needs and priorities of people saving for and living in retirement. Our lead blogger is editor Matthew Heimer, and frequent contributors include editor Amy Hoak, writer Catey Hill, and MarketWatch columnists Elizabeth O’Brien, Robert Powell and Andrea Coombes. Encore also features regular commentary from The Wall Street Journal retirement columnists Glenn Ruffenach and Anne Tergesen and the Director of the Center for Retirement Research at Boston College, Alicia H. Munnell.